Searing Heat Triggers Fuel-Supply Worries at Oil Refineries in Europe and Beyond
- Poland temperatures could reach levels that disrupt refining
- Greece and Turkey both suffered wildfires in recent weeks
Firefighters work to extinguish a wildfire near the town of Stamata, northeast of Athens, Greece, on June 30.
Photographer: Nick Paleologos/BloombergThis article is for subscribers only.
Temperatures in Europe are getting close to levels at which some oil refineries would have to start making less fuel.
Greece is battling wildfires and the nation’s capital could see temperatures above 40C (104F) in the coming weeks. In Poland, heat may soon exceed the point at which the country’s top fuel supplier can run its refineries normally. Macquarie Group estimates that heat-related disruption at European plants reached about 1 million barrels-a-day last year — almost 10% of what they normally handle.